19:00 ▪
3
min reading ▪ acc
Yesterday, the Vice President of the United States, Kamala Harris, made a remarkable statement at a fundraiser on Wall Street. Finally, it confirms its intention to support the development of digital technologies such as AI and cryptocurrencies and guarantee consumer protection.
Strong commitment to innovative technologies
During this fundraiser, Kamala Harris took the floor to clearly state her stance on emerging technologies. “We will support innovative technologies such as artificial intelligence and cryptocurrencies with increased protection for our consumers and investors,” she said. This commitment shows the current vice president’s desire to harness the potential of cryptocurrencies and maintain the necessary safeguards to prevent economic excesses.
HARRIS also highlighted the importance of a safe working environment for businesses and promised to create a “consistent and transparent” regulatory framework, a much-anticipated promise in an industry where legal uncertainty remains a drag on development. Delivered in front of influential figures, this speech aims to strengthen its position among young voters and crypto-investors.
Potential impacts on the crypto ecosystem
In addition to his announcements, Harris also plans to unveil a series of new economic proposals in the coming week aimed at helping Americans “build wealth” through business incentives.
However, this openness to digital technologies is not without risk. Indeed, attempts at regulation that is too strict or poorly set up could hinder innovation in the sector, causing an exodus of talent and companies to more flexible jurisdictions. Donald Trump, his main political opponent, has also tried to court the crypto industry with many initiatives, especially his association with projects like World Liberty Financial. While Harris maintains a slight lead in the polls in key states, the stakes remain high for an industry that craves stability and a long-term vision.
Kamala HARRIS’ speech at this fundraiser sheds more light on how the United States sees the future of cryptocurrencies. If the adoption of new technologies could transform the economy, it must be accompanied by appropriate and balanced regulations. Further economic proposals of the Democratic candidate will therefore be closely scrutinized by the industry.
Maximize your Cointribune experience with our “Read and Earn” program! Earn points for every article you read and get access to exclusive rewards. Register now and start reaping the benefits.
A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I made a commitment to raise awareness and inform the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. Every day I try to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations and put into perspective the economic and social problems of this ongoing revolution.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.